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    Fundamental Accounting Principles Study Set 7
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    Exam 7: Internal Control and Cash
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    Cash Equivalents
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Cash Equivalents

Question 49

Question 49

Multiple Choice

Cash equivalents:


A) Include chequing accounts.
B) Include 6-month certificates of deposit.
C) Are recorded in petty cash.
D) Are short-term, highly liquid investments.
E) Are short-term, highly liquid investments and include chequing accounts.

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